VGM - Sikret 20 millioner kroner i finansiering
Vow Green Metals har sikret seg 20 millioner kroner i finansiering. Dette holder nok til fabrikken på Follum er ferdigstilt og i gang, der fabrikken går med overskudd (alt av produkter er solgt i flere år fremover). Husk også at overskuddsvarme etc. fra fabrikken også skal selges til bl.a. lokale strømselskaper.
"Vow Green Metals AS: NOK 20 million bridge financing secured
Vow Green Metals has secured a short-term loan of NOK 15 million with DNB ASA and extended the duration of a NOK 5 million revolving credit facility (“RCF”) with Sparebank 1 Sør-Norge ASA. The loan and RCF are guaranteed by Vow Green Metals’ three largest shareholders, Vow ASA, Vardar AS and R Investment Company AS. The guarantors will receive a 10 percent guarantee commission fee payable in cash.
The above financing is a bridge financing to secure longer-term liquidity and a strategic alternative for long-term funding, as previously announced.
ENDS
For further information, please contact:
Jan Halvard Aas Møller, CFO
Vow Green Metals AS
Tel: + 47 901 15 375
Email: jan.moller@vowgreenmetals.com
Cecilie Jonassen, CEO
Vow Green Metals AS
Tel: +47 954 20 126
Email: cecilie.jonassen@vowgreenmetals.com
About Vow Green Metals
Vow Green Metals’ strategy is to be a leading producer of biocarbon and other carbon-neutral products that enable the green transition in hard-to-abate industries. We are on a mission to accelerate the world’s transition to renewable materials by offering green alternatives to replace fossil-reduction agents in the metallurgical industry. The core of our business is to build, own and operate biocarbon production plants using state-of-the-art pyrolysis technology to turn biomass and biomass waste streams into our core product, biocarbon. Our biocarbon production process also creates other valuable products like bio-oil and bioenergy. With our standardized solutions, unique access to proprietary technology, and a growing global pipeline of projects, we are upholding our first-mover position in a growing market where speed and scale will be determining factors. Vow Green Metals is building a new biocarbon industry on the shoulders of its largest shareholder and technology partner, Vow ASA, which provides access to competence and capabilities acquired through decades of industrial innovation.
Read more: www.vowgreenmetals.com"
Kilde: https://newsweb.oslobors.no/message/639106
"Vow Green Metals AS: NOK 20 million bridge financing secured
Vow Green Metals has secured a short-term loan of NOK 15 million with DNB ASA and extended the duration of a NOK 5 million revolving credit facility (“RCF”) with Sparebank 1 Sør-Norge ASA. The loan and RCF are guaranteed by Vow Green Metals’ three largest shareholders, Vow ASA, Vardar AS and R Investment Company AS. The guarantors will receive a 10 percent guarantee commission fee payable in cash.
The above financing is a bridge financing to secure longer-term liquidity and a strategic alternative for long-term funding, as previously announced.
ENDS
For further information, please contact:
Jan Halvard Aas Møller, CFO
Vow Green Metals AS
Tel: + 47 901 15 375
Email: jan.moller@vowgreenmetals.com
Cecilie Jonassen, CEO
Vow Green Metals AS
Tel: +47 954 20 126
Email: cecilie.jonassen@vowgreenmetals.com
About Vow Green Metals
Vow Green Metals’ strategy is to be a leading producer of biocarbon and other carbon-neutral products that enable the green transition in hard-to-abate industries. We are on a mission to accelerate the world’s transition to renewable materials by offering green alternatives to replace fossil-reduction agents in the metallurgical industry. The core of our business is to build, own and operate biocarbon production plants using state-of-the-art pyrolysis technology to turn biomass and biomass waste streams into our core product, biocarbon. Our biocarbon production process also creates other valuable products like bio-oil and bioenergy. With our standardized solutions, unique access to proprietary technology, and a growing global pipeline of projects, we are upholding our first-mover position in a growing market where speed and scale will be determining factors. Vow Green Metals is building a new biocarbon industry on the shoulders of its largest shareholder and technology partner, Vow ASA, which provides access to competence and capabilities acquired through decades of industrial innovation.
Read more: www.vowgreenmetals.com"
Kilde: https://newsweb.oslobors.no/message/639106
Redigert 19.02.2025 kl 22:36
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